Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses.
Latin America Mining News
The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.
Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.
The approval was the final government agency’s permission the parties required to close the deal.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.
Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.
The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.
The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
A U.S. court ruled that the Chaupe family case against Newmont Mining Corporation should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.
Workers were demanding higher profit-sharing payouts.
Kidman Resources has chosen a site in Kwinana, Western Australia with Chilean joint venture partner SQM to develop a lithium processing plant.
La Oroya polymetallic smelter had been operated by Doe Run Peru, a unit of the U.S.-based Renco Group, from 1997 until the company went bankrupt in 2009 and its assets were transferred to a group of former creditors.
The Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars.
First Customer Minera Centinela Begins Use of Optimus Drone at Mining Sites.
The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.
Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Illegal extraction of gold and other metals and their subsequent smuggling to foreign markets is seen by many as a way to navigate the current crisis.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
The protesters say the running water that they receive from local rivers has been declared unfit for human consumption.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Martín Vizcarra said that he was in favour of promoting mining development in his country.
Pan American Silver management has engaged with the protesters in a mediation process.